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VA Loans in Beverly Hills
Beverly Hills homes routinely exceed the 2025 VA conforming limit of $806,500. Most properties here require jumbo VA financing.
Veterans competing in this market face multiple offers and cash buyers. Zero down payment matters less than proof of funds for closing costs.
VA appraisals include property condition requirements that can complicate deals on older estates. Sellers often prefer conventional financing.
You need a Certificate of Eligibility and minimum 580 credit score for most lenders. No down payment required regardless of price.
Beverly Hills loan amounts typically exceed $1 million. You'll need strong income documentation and low debt-to-income ratios around 41%.
VA funding fees range from 1.4% to 3.6% of loan amount. First-time VA users with zero down pay 2.15% unless disabled.
Only specialized lenders handle jumbo VA loans above conforming limits. Fewer than 30% of VA-approved lenders offer this product.
Jumbo VA rates run 0.25% to 0.50% higher than conforming VA rates. You're looking at different underwriting guidelines entirely.
Some lenders cap jumbo VA loans at $2 million or $3 million. We work with lenders who close $5 million+ VA loans regularly.
Rates vary by borrower profile and market conditions. Expect more documentation requirements as loan size increases.
Beverly Hills sellers need education on VA loans. We send pre-approval letters that emphasize veteran cash reserves and quick closing timelines.
The VA funding fee can be financed into your loan. On a $1.5 million purchase, that's $32,250 added to your balance.
Smart move: Get a full VA appraisal contingency written into your offer. Repairs flagged by VA appraisers become negotiation points.
Veterans with disability ratings pay no funding fee. That saves $21,500 on every million borrowed—real money in this market.
Conventional jumbo loans require 10% to 20% down in Beverly Hills. That's $150K to $300K on a $1.5 million home versus zero with VA.
Conventional rates run slightly lower, but the down payment difference overwhelms rate savings. You'd need 15+ years to break even.
FHA loans max out at $806,500 in LA County. They won't finance anything in Beverly Hills except condos under HOA special circumstances.
Beverly Hills has strict building codes and retrofit requirements. Older homes may need seismic upgrades flagged by VA appraisers.
Properties north of Sunset Boulevard often appraise higher per square foot. South of Wilshire typically sees faster appreciation.
Condo approvals matter for VA financing. Not all Beverly Hills developments maintain VA-approved status—verify before writing offers.
Los Angeles County transfer taxes add 0.45% to closing costs. Beverly Hills adds nothing extra at city level.
Yes. VA loans have no maximum amount, but you need a lender who underwrites jumbo VA loans. We work with several who regularly close $2M+ VA purchases.
Many do with proper positioning. We write pre-approvals emphasizing your cash reserves and quick closing capability to compete with conventional buyers.
Most lenders want 620 minimum for jumbo VA loans. Some require 640 or higher as loan amounts exceed $1.5 million.
Expect $25K to $50K depending on loan size. This includes funding fee, title insurance, escrow fees, and prepaid items.
No. VA appraisals are mandatory and non-negotiable. You can waive the appraisal contingency but still need the appraisal completed.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.